i hope u made money at the spike up, PA told me when was the ideal buy and also the range, so with the news, i hope u got that info too.
I did, since i was also long before the news came out . I never said i traded the news, i just keep an eye on the news since the news is what is causing these moves and i don't want to get trapped on the wrong side. Edit: by the way, that adding to losing trades is going to bite you in the ass one day when the news move goes against you.
The play is based on very high probability, for me it is not a question of if we will go up or not, but more on trying to calculate the range 1 exact level to place the buy orders, 2. hard SL set up 3. range of the move for optimum profit target. but to pin point the exact range for buy before the upmove is difficult, usually a point up and down is there, price was never suppose to come down to 3002.00 and PA was showing a major spike before open just trying to find the range was difficult, i had to redo all the buy orders after open, as per my calculation 3005.00, 3004.00, 3003.00 were the buy level, with stop set @3k just to give room if i did my calculation wrong. exits were all but one @3014.00, last contract was 3018.00